Bitcoin (BTC) Ready to Surge? Check out the Latest Analysis Before FOMC!

Jakarta, Pintu News – Bitcoin (BTC) is currently hovering around $113,000 ahead of the conclusion of the Federal Open Market Committee (FOMC) meeting led by Jerome Powell. The decisions to be made by the FOMC and the press conference scheduled at 2:30 PM ET are highly anticipated by traders and investors.

Analyst Opinion: Bitcoin (BTC) Upside Potential

Ali Martinez, a prominent analyst, stated that Bitcoin (BTC) needs to break the $120,000 mark to pave the path to $143,000. According to him, once it crosses $120,000, there will be fewer historical barriers that make a rise to $143,000 more likely.

Martinez uses a long-term chart that shows that after $120,000, there is not much resistance until it reaches $143,000. The chart Martinez used depicts long-term price bands that act like lanes on a highway. Currently, the price of Bitcoin (BTC) is below the key band of around $120,000. If this band is successfully crossed, it will open up more space until the upper band at around $143,000.

Also Read: Top 3 Crypto’s that are Trending and Stealing Investors’ Attention by the End of 2025!

Technical Analysis: Price Stability and Support

Michaël van de Poppe, another analyst, observed that the recent price drop is typical before the FOMC and not an indication of a broken trend. Van de Poppe emphasized the importance of the $112,000 price as support. If this price continues to hold, an even higher price push is expected.

Van de Poppe uses an intermediate timeframe chart that shows two clear zones: a floor near $112,000 and a ceiling between $115,600-$116,200. This chart illustrates the likelihood that prices will bounce back to the ceiling after touching the floor, indicating the potential for stabilization and another attempt at price increases.

Market Observation: Buyer and Seller Dynamics

Glassnode, an analytics platform, notes that many new buyers are concentrating around $111,000, while greater selling interest exists around $117,000. This creates a push-pull dynamic that defines the current price range. If the price manages to break out of the $111,000-$117,000 range, it could dictate the next direction of price action.

The cost basis distribution that Glassnode uses groups coins based on the price at which they last moved. Peaks in the distribution around $111,000 indicate many buyers in the area, which supports the price, while peaks near $117,000 indicate many potential sellers, which could slow the price increase.

Conclusion

With various analysis and opinions from experts, the Bitcoin (BTC) market is currently showing complex dynamics with significant upside potential. The upcoming FOMC decision and the market’s reaction to it will be an important determinant of Bitcoin’s (BTC) direction in the near future.

Also Read: Bitcoin (BTC) Breaks $115,000, Fear & Greed Index is Neutral!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Bitcoin Dip Looks Standard Pre-FOMC and USD120K Would Open Path to USD143K, Analysts Say. Accessed on October 30, 2025